Hero
Motocorp surged 3.24 percent post Q1 earnings. It's a strong operational
performance by Hero. The company's results beat expectations, despite fall in
revenues, margins rose 160 bps years on year. The management finally delivers
on its cost rationalization efforts.
Live Stock Tips
Live Stock Tips
BUY VADILAL (LCP-802.1) ABOVE 805 TG-810-817
BUY TATA ELEXI (LCP 1801.55) ABOVE1805 TG-1815-1830
BUY RUBY MILLS (LCP-473.05) ABOVE 475 TG-480-486
BUY RAJESH EXPORTS (LCP-568.9) ABOVE 570 TG-575-580
Nifty slips below 8550,
Sensex weak; Hero Moto, Bharti gain
The market fell marginally in early trade Tuesday. The Sensex declined 76.18 points to 28110.88 and the Nifty slipped 24.80 points to 8518.25. About 848 shares have advanced, 587 shares declined, and 89 shares are unchanged on the BSE.
The market fell marginally in early trade Tuesday. The Sensex declined 76.18 points to 28110.88 and the Nifty slipped 24.80 points to 8518.25. About 848 shares have advanced, 587 shares declined, and 89 shares are unchanged on the BSE.
Hero Motocorp surged 3.24 percent post Q1
earnings. It's a strong operational performance by Hero. The company's results
beat expectations, despite fall in revenues, margins rose 160 bps year on year.
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9993066624.
Bharti Airtel gained 1.5 percent ahead of
earnings. Telecom major will report its Q1 results today after market hours.
According to a CNBC-TV18 poll, the revenue may rise over a percent to Rs 23,300
crore. The volume growth is seen at 3 percent. Its Africa business, however, is
expected to continue to remain sluggish.
The Indian rupee opened marginally
lower by 5 paise at 64.09 per dollar
today against previous close of 64.04.
Coal
India, Lupin, HDFC Bank, BPCL, PNB and HCL Tech rose 0.7-1.6 percent while Tata
Motors, Infosys, ONGC, Wipro, Dr Reddy's Labs, Cairn India, Tata Power and
IndusInd Bank lost 0.2-1 percent.
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